Canola market today?

[SASKFARMER3]

Wd emotional, Dah, the stats Canada number for
canola after the wind etc will be 13.84 that's it and
no it's not emotional it's fact.

[sumdumguy]

Sf3, all the small farmers around here are done
and warming up their mobiles that are pointed
toward Phoenix. Management gets exponentially
tougher the more acres you take on. You only
need what you can manage. Sorry, but there are
a few spinning their wheels right into bankruptcy.

Soon they will be statistics. My sister in law says,
you cant smell every fart.

[riders2010]

Thank God you cannot smell every fart because there must be alot of constipated bankers after last night. lol

[SASKFARMER3]

Sumdumguy not one of my neighbours are
completed. So give it a rest their on
their way to phoenix. Thats a crock and
you know it.
Its not acreage since we all end at
around the same time.
Look at whats out their and see, I have
said since summer its a 14.6 well after
the fricking wind event im now for the
first time moving lower and guess what
13.8 is what it will shake out at. Sell
if you want because the experts kept
saying farmers are pushing the limits
and can get us back on the plus side
with lots of room for over production
and their fore lower prices. Well guess
what mother nature screwed up those
plans all over the globe.
So sell, Ill be playing the markets on
paper this winter. And no were not going
bankrupt.

[charliep]

Sorry for being the numbers guy.

A 13.5 MMT canola is a 30 bushel yield on 20 million
harvested acres (about - done some rounding).

Domestic crush - 7 to 7.5 MMT.

Core exports - 4 to 4.5 MMT. Japan 2.3 MMT.
Mexico and US - 2 MMT ish.

China and others can scrap over 3 MMT. Down 1
MMT from last crop year.

Even with your number, things are necessarily all that
tight. Production may actually be lower and still not
have that big a market impact outside of the bigger
picture oilseed rally. Broken record but how much
has been sold off the west coast and farmers williness
to deliver will be far bigger issues this fall.

[charliep]

Can't do math this early. China and others can scrap
over 2 MMT. Down 2 MMT from last year.

[crusher]

If we can get a couple of closes above $647, I'll be locking the bins.

[cottonpicken]

Today is a big day with a fed announcement.

If he blurts out open ended qe we are going very
much higher very quickly,but i don't think its in the
cards today,i still see very short term weakness.

[errolanderson]

yes . . . Big Ben will be the talk this
aft. Very much doubt there will be any
open-ended QE. Market may be likely to see
any version of QE because of risks.

We'll all know soon.

[furrowtickler]

QE3 announced , so now what???

[cottonpicken]

I thought i had to wait for christmas for christmas to
come,lol,GREAT GREAT GREAT DAY!!!!

[cottonpicken]

And in many households tonight,many worried men
scratch their heads wondering why their university
econ classes have failed them,i always new miss olfert
was full of shit,**** you you red haired stupid bitch
who bankrupted countless people.